CME BTC Futures Open With a Gap of $685

IconCryptoNewsTerminal Staff25 Aug, 2024

cryptonews.jpg

CME BTC Futures Open With a Gap of $685

A gap of $685 was observed in CME BTC futures today, as they opened at $64,500 after closing at $63,815 on the previous trading day. This gap signifies a bullish trend, as traders are willing to pay a premium to enter long positions in anticipation of further price increases. The gap also indicates a lack of selling pressure at the current price level, suggesting that buyers are confident in the market's upward trajectory. Market watchers will be closely monitoring the futures market in the coming days to gauge the sentiment and potential direction of the Bitcoin market.